a. Journalize the entries to record (1) The declaration of the dividend, capitalizing an amount equal to
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Question:
a. Journalize the entries to record
(1) The declaration of the dividend, capitalizing an amount equal to market value, and
(2) The issuance of the stock certificates.
b. Determine the following amounts before the stock dividend was declared:
(1) Total paid-in capital,
(2) Total retained earnings, and
(3) Total stockholders’ equity.
c. Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year:
(1) Total paid-in capital,
(2) Total retained earnings, and
(3) Total stockholders’ equity.
Related Book For
Financial and Managerial Accounting
ISBN: 978-0538480895
11th Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
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